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Other of Interest 5/8/12

A Look At The Global Business And Financial Trends

The financial service industry is facing solemn challenges which is rooted in incessant imbalances, coupled with long term low interest, rise in asset prices and huge savings and credit imbalances. A reliable report predicted that these business and financial trends will definitely lead to a constant risk to the market. Provided below are key trends, which investors, employees and leaders in the financial service arena have to reckon, for purposes of laying down ideal strategies in the future.

Global banking is the first trend. World Bank states that though many banks conduct their dealings in many countries, they still can be perceived as relatively regional in their country of origin. This fact necessitates the need of these banks to infiltrate the emerging markets for them to experience growth. They need aggressive strategies of growth in order to penetrate the unlatched markets, for increased profits.

The second one is IT platform sharing. Here, it is evident that monetary company strategies are altered to fit the new intricacies and dynamics of current market. It reveals that success will be determined by instant information access and integration together with geography and product line. There has to be a reduction of cost in the supply of information to global markets, of which, cell phone firms will come in handy.

Another tendency that has made it possible to conduct business via your cell phone is E-banking. For any dealing to be effective in the marketplace, it needs to adopt the use of E-banking services. E-banking is very useful in helping companies with ideal flexibility and differentiation.

Mobile money is yet another tendency. This is a safe and low cost monetary arena and it saves people from going to a bank or any other physical payment center. This service has been found to have a number of social and economic benefits.

The last among key business and financial trends is self-service. This should be given priority in the contemporary monetary service as it ensures that all concerns and questions by clients are addressed immediately. This technology reduces staff workload since most processes are automated.